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dYdX vs SushiSwap

dYdX logo

dYdX

Software

Decentralized perpetual trading

From
Free
Rated
-
Full reviewWebsite
SushiSwap logo

SushiSwap

Software

Be a DeFi chef with Sushi

From
Free
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: dYdX newer platform with smaller liquidity pools compared to centralized exchanges; SushiSwap sushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.
  • They diverge on capability: dYdX covers Perpetual Contracts, SushiSwap covers Token Swaps.

Where they differ

Only the attributes on which dYdX and SushiSwap actually diverge.

Attributes where dYdX and SushiSwap differ
AttributedYdXSushiSwap
Founded20172020

Identical on both: starting price (Free), pricing model (free), free tier (Yes), platforms (Web), user rating (Not yet rated), category (Unknown).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in dYdX

  • Perpetual Contracts
  • Cross Margin
  • Portfolio Margin
  • Governance
  • DYDX Token
  • Cosmos SDK

Only in SushiSwap

  • Token Swaps
  • Liquidity Mining
  • Kashi Lending
  • BentoBox
  • SUSHI Token
  • Multi-chain

Both cover

  • Web support

What people use each for

The jobs each tool is most often brought in to do.

dYdX

  • Defi
  • Dex
  • Derivativesnot SushiSwap

SushiSwap

  • Defi
  • Dex
  • Yield Farmingnot dYdX

Both are used for defi, dex, on those jobs the choice comes down to price and fit rather than capability.

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

dYdX

  • Newer platform with smaller liquidity pools compared to centralized exchanges
  • Requires cryptocurrency wallet for trading, adding friction for new users
  • Limited fiat on/off ramps compared to centralized alternatives like Coinbase

SushiSwap

  • SushiSwap routes a portion of every trading fee to SUSHI stakers rather than to liquidity providers alone; users who stake SUSHI receive xSUSHI, which entitles them to a share of protocol fees, per the vendor's own documentation.

Pricing, plan by plan

dYdX

Free
  • FreeFree
    • Perpetual trading
    • Governance
    • Staking

SushiSwap

Free
  • FreeFree
    • Token swaps
    • Yield farming
    • Lending

Which should you pick?

Choose dYdX if

  • You need perpetual contracts.
  • You want to start without paying.
  • You also want cross margin.
dYdX review

Choose SushiSwap if

  • You need token swaps.
  • You want to start without paying.
  • You also want liquidity mining.
SushiSwap review

Questions people ask

Is dYdX or SushiSwap better?
Neither clearly leads. dYdX starts at Free and SushiSwap at Free, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, dYdX or SushiSwap?
dYdX starts at Free and SushiSwap at Free.
Does dYdX or SushiSwap run on more platforms?
Both run on Web, so platform support will not decide this one for you.
Can I use dYdX for free?
Both have a free tier, so you can try either at no cost before committing.
What is dYdX best used for?
dYdX is most often used for defi, dex, derivatives. Of those, derivatives is not what SushiSwap is typically brought in for.
What can dYdX do that SushiSwap cannot?
dYdX covers Perpetual Contracts, Cross Margin, Portfolio Margin, Governance. SushiSwap covers Token Swaps, Liquidity Mining, Kashi Lending, BentoBox. Both handle Web support.

Answered from the vendors’ own pages

dYdX: What type of trading does dYdX specialize in?

dYdX is a decentralized platform for perpetuals and margin trading, allowing professional traders to trade crypto derivatives without expiry dates. Built on ZK-rollup technology, it enables trading 143+ cryptocurrencies with leverage up to 50x on selected contracts.

Source
dYdX: How does dYdX maintain decentralization?

dYdX governance is fully community-driven, meaning token holders decide on protocol upgrades, fee structures, and risk parameters. The platform distributes 100% of its trading fees to stakers.

Source
dYdX: What are dYdX's gas fee advantages?

Built on StarkWare's ZK-rollup technology, dYdX enables trading with near-zero gas fees while users maintain full custody of their assets.

Source
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Related pages

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